Reece Group Strategy Update

Key metrics Reconciliation from Statutory EBIT to Adjusted EBIT Reconciliation from Statutory NPAT to Adjusted NPAT HY24 HY24 HY24 HY23 Var. HY24 HY23 Var. 31 December 2023 (A$m) 31 December 2023 (A$m) EBIT (statutory) 367 325 13% NPAT (statutory) 224 186 20% Add back/deduct: Add back/deduct (tax effected): BAC income Impairment (7) BAC income 29 Impairment Business acquisition costs Adjusted EBIT 1 Adjusted NPAT 367 348 5% EPS (statutory) - (5) 29 224 210 6% 35 cents 29 cents 20% Adjusted EPS Reconciliation from Statutory EBIT to Adjusted EBITDA 35 cents 33 cents 6% (based on adjusted NPAT) HY24 HY23 Var. 367 325 13% HY24 31 December 2023 (A$m) EBIT (statutory) Add back/deduct: BAC income (7) Depreciation and amortisation 159 140 Impairment 29 Business acquisition costs 1 Adjusted EBITDA 526 488 8% 27 27 Reece. Works for you.

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